The European exchange programme for Entrepreneurs
Erasmus for Young Entrepreneurs helps provide aspiring European entrepreneurs with the skills necessary to start and/or successfully run a small business in Europe. New entrepreneurs gather and exchange knowledge and business ideas with an experienced entrepreneur, with whom they stay and collaborate for a period of 1 to 6 months. The stay is partly financed by the European Commission.
As a new entrepreneur, you will benefit from on-the-job training in a small or medium-sized enterprise elsewhere in the Participating Countries. This will ease the successful start of your business or strengthen your new enterprise. You can also benefit from access to new markets, international cooperation and potential possibilities for collaboration with business partners abroad.
As a host entrepreneur, you can benefit from fresh ideas from a motivated new entrepreneur on your business. He may have specialised skills or knowledge in an area you do not master, which could also complement yours. Most host entrepreneurs enjoyed the experience so much that they decide to host other new entrepreneurs afterwards.
It is really a win-win collaboration whereby both of you can also discover new European markets or business partners, different ways of doing business.
On the longer-term, you will benefit from wide networking opportunities, and, possibly, decide to continue your collaboration, possibly as long-term business partners (e.g. joint ventures, sub-contracting activities, contractor-supplier relationships, etc).
“Erasmus for Young Entrepreneurs” is financed by the European Commission and operates across the Participating Countries with the help of the local contact points, competent in business support (e.g. Chambers of Commerce, start-up centres, incubators etc.). Their activities are coordinated at European level by the Support Office of the Programme.
Eligible entrepreneurs are those in the early stages of their business start-up (new entrepreneurs) and experienced owners or managers of a micro or small enterprise (host entrepreneurs).
The term “new entrepreneur” includes both nascent entrepreneurs, who are firmly planning to start their own company in the coming months, or those who have already set up their own business in the last three years. Whether planned or already existing, the business can be in any sector. New entrepreneurs must demonstrate a sound educational and vocational background and a viable business idea. They must be a permanent resident in one of programme participating countries and should be able and willing to raise additional funds to cover the costs of the stay that exceed the EU’s grant.
Host entrepreneurs are experienced businessmen or women (i.e. more than three years of activity), ideally owners of a micro or small enterprise (SME) in the European Union or persons directly involved in entrepreneurship at SME board level, abiding by the EU definition of micro, small or medium-sized enterprise. They must be willing to cooperate with the new entrepreneur towards developing his/her entrepreneurial skills and know-how.
Deadline: Ongoing
Official Link: http://www.erasmus-entrepreneurs.eu/page.php?pid=051
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